CALGARY - The global liquefied natural gas market is shifting in favour of buyers across the Pacific, making life more complicated for firms already struggling with the economics of exporting the fuel from the West Coast, an energy conference heard Wednesday."You've kind of seen the dynamics flip around a little bit. I think it's been a seller's market for a while and now I think it's a buyer's market," said Don Althoff, CEO of Veresen Inc., a Calgary-based company planning on shipping gas from [Read more]
News
Elkwater Resources Ltd. Announces Strategic, Light Oil Focused Acquisitions and $100 Million Equity Financing
CALGARY, ALBERTA--(Marketwired - Oct. 15, 2014) - Elkwater Resources Ltd. (TSX VENTURE:ELW) ("Elkwater" or the "Company") (to be renamed "Striker Exploration Corp.") is pleased to announce that it has entered into the following strategic transactions: an arrangement agreement (the "Arrangement Agreement") with Exoro Energy Inc. ("Exoro"), an arm's length private oil and gas company with assets concentrated in West Central Alberta, including Pembina, Chigwell and Ferrier/Willesden Green (the [Read more]
Marquee Energy Ltd. announces operations update and upward revision to 2014 exit guidance
CALGARY, Oct. 15, 2014 /CNW/ - Marquee Energy Ltd. ("Marquee" or the "Company") (TSXV: "MQL") is pleased to announce an operations update and an upward revision to its corporate guidance for 2014. The Company has experienced strong drilling results and operational performance, while it has also been successful in improving its balance sheet strength by monetizing certain non-core, gas weighted properties at accretive metrics. As a result of its strengthened financial position and to better [Read more]
Bellatrix announces continued Cardium and Mannville consolidation efforts, operational update, updated 2014 guidance, upcoming conference participation, and anticipated third quarter 2014 results release date
CALGARY, Oct. 15, 2014 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) Cardium and Mannville Consolidation Efforts Bellatrix recently completed a tuck-in acquisition of working-interests in the Company's core Ferrier area in West Central Alberta, extending the Company's Cardium light oil resource play. The acquired assets included current low decline rate net production of approximately 300 boe/d (24% oil and liquids and 76% natural gas). The acquisition [Read more]
Pembina Pipeline Corporation Announces Management Changes
CALGARY, Oct. 15, 2014 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) today announced several management changes. As previously disclosed in September 2013, Peter Robertson, Pembina's Chief Financial Officer ("CFO"), plans to retire at the end of 2014 after 30 years of service with the Company. Pembina is pleased to announce that Scott Burrows, Pembina's current Vice President ("VP") of Capital Markets, will succeed Peter as VP, Finance and CFO effective [Read more]
Canada Energy Partners Inc.: Appointment of a Director
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 15, 2014) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce the appointment of Winston R. Purifoy as a director of the Company. Mr. Purifoy has over 30 years of experience in sourcing, structuring and managing equity investments in energy, agriculture, medical, technology, printing, real estate, financial services, and telecom. Mr. Purifoy has been a key advisor in transactions totaling [Read more]
Donnybrook Announces Name Change, Consolidation, Annual Meeting and Litigation Update
CALGARY, ALBERTA--(Marketwired - Oct. 14, 2014) - Donnybrook Energy Inc. ("Donnybrook" or the "Company") (TSX VENTURE:DEI) reports that the board of directors of the Company (the "Board") has determined that the Company will proceed with a name change and a consolidation of its common shares ("Common Shares"). Name Change and Consolidation The shareholders of the Company previously approved special resolutions allowing the Board to: (i) change the name of the Company (the "Name Change"); and [Read more]
Donnycreek Corporate Update
CALGARY, ALBERTA--(Marketwired - Oct. 14, 2014) - Donnycreek Energy Inc. ("Donnycreek" or the "Company") (TSX VENTURE:DCK) reports that its natural gas production has resumed at its 50% working interest Kakwa property in west central Alberta following an 18 day pipeline maintenance shut down by TransCanada. Total net production to Donnycreek's interest is currently approximately 2,000 boe per day of which approximately 48% is condensate. Hydraulic fracturing stimulation operations are expected [Read more]
Anterra Energy Announces Proposed Material Transaction With LandOcean Petroleum Corp., Limited
CALGARY, ALBERTA--(Marketwired - Oct. 14, 2014) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A)(OTCQX:ATERF) announces that it has signed a non-binding agreement dated October 11, 2014 with Landocean Petroleum Corp., Limited ("LandOcean") for the purpose of accelerating the development of Anterra's properties in Alberta. The proposed transaction contemplates LandOcean providing services, including third party expenditures, totaling $40.0 million (Canadian dollars) between [Read more]
TSX falls towards ‘correction territory’, energy stocks plummet
TORONTO - The Toronto stock market flirted with correction territory mid-afternoon Tuesday as worries about deteriorating global economic conditions helped further erode year-to-date gains. The S&P/TSX composite index was off early losses but still down 143.26 points at 14,084.1. The main index had plunged as much as 250 points in the morning, leaving the TSX down 10.2 per cent from its record high reached in early September. A drop of 10 per cent is viewed as an official correction. "I [Read more]